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SGPhantom
Master
04-Dec-2020 20:54     
 
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 Alert Admin 		https://www.straitstimes.com/business/banking/mas-awards-digital-full-bank-licences-to-grab-singtel-and-sea-ant-gets-digital

hokpin      ( Date: 04-Dec-2020 20:48) Posted:

Is it confirmed iFast failed to receive the digital wholesale banking license? I thought not yet fully announced?

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eric998
Supreme
04-Dec-2020 20:52     
 
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 Alert Admin 		dont scare each others. if buy for investment then keep it for long haul.. if contra then follow SL// .. but the price must reflect the Pe.. 
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hokpin
Supreme
04-Dec-2020 20:48     
 
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 Alert Admin 		Is it confirmed iFast failed to receive the digital wholesale banking license? I thought not yet fully announced?
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Unknown123
Member
04-Dec-2020 20:46     
 
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 Alert Admin 		All is not over? What about the HK thing?
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smltimer
Senior
04-Dec-2020 20:41     
 
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Yells: "So what does the crystal ball say ......."
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 Alert Admin 		Hope not rise fast drop fast  crying
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SGPhantom
Master
04-Dec-2020 20:35     
 
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 Alert Admin 		Yes, hence my statement earlier. Everyone fasten their seat belts come Monday.

Goldfinger      ( Date: 04-Dec-2020 20:33) Posted:

They failed to get the Digibank licence - very bad news.
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Goldfinger
Supreme
04-Dec-2020 20:33     
 
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 Alert Admin 		They failed to get the Digibank licence - very bad news.
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SGPhantom
Master
04-Dec-2020 20:23     
 
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 Alert Admin 		Unfortunately, for investors like me, most probably yes. Especially since it has ran up so much. Even last 2 weeks alone it has gone up some 20%. Just hope not a major correction. But if that happens, it just gives those who had missed the boat an opportunity to invest in this fabulous growth company.

moneynoenough      ( Date: 04-Dec-2020 20:02) Posted:

2morow sky fall..?
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moneynoenough
Senior
04-Dec-2020 20:02     
 
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Yells: "ikan bilis "
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 Alert Admin 		2morow sky fall..?
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alleyboy
Veteran
04-Dec-2020 19:22     
 
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 Alert Admin 		Sorry Master. What is " shouldn& rsquo" ?blush

tangsookiam1947      ( Date: 04-Dec-2020 17:19) Posted:


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tangsookiam1947
Master
04-Dec-2020 17:19     
 
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 Alert Admin 		 
https://fifthperson.com/why-you-shouldnt-use-the-pe-ratio-to-value-every-stock/?inf_contact_key=8cb37e047a83781aeaf4c3e25a26d3fc7e470d92b8b75168d98a0b8cac0e9c09
 

Why you shouldn&rsquo t use the P/E ratio to value every stock
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tangsookiam1947
Master
04-Dec-2020 17:18     
 
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 Alert Admin

Why you shouldn&rsquo t use the P/E ratio to value every stock

 


&lsquo To a man with a hammer, everything looks like a nail.&rsquo &ndash Mark Twain


We cannot use a single valuation method (the hammer) to determine the worth of every stock (the nail). Companies in different industries have their own unique set of characteristics. Using the same ruler to measure the performances of all companies out there is akin to judging a fish&rsquo s ability to climb a tree &mdash we end up thinking the fish has no potential.


 

The P/E ratio



The  price-to-earnings (P/E) ratio  is one of Wall Street&rsquo s most common valuation methods. We hear the term thrown around a lot on CNBC or Bloomberg where news anchors and financial experts use the ratio to quickly assess whether a stock is &lsquo cheap&rsquo or &lsquo expensive&rsquo .

The P/E ratio compares a company&rsquo s share price relative to its earnings power. For example, if a company has a share price of $100 and generates an earnings per share of $5, that will give us a P/E ratio of 20. This essentially means that investors are willing to pay $20 for every dollar of the company&rsquo s earnings. The higher the P/E ratio, the more investors are willing to pay for every dollar of earnings.

But a high P/E multiple does not necessarily imply that a stock is overvalued. For example, if you bought a stock for $100 and the company doubles its earnings per share from $5 to $10, the P/E based on your cost price is reduced to 10. Because of the growth of the company&rsquo s earnings, it now seems like we got a great deal!

Likewise, a low P/E multiple does not signify a bargain. If the company&rsquo s earnings decline by 50% to $2.50, the P/E based on your cost price is now 40. Suddenly, we realize that we&rsquo ve got a dud we can&rsquo t wait to get rid of.

So essentially, whether the P/E multiple you paid for a stock is high or low depends on its future  growth. As long as we don&rsquo t overpay for growth, we will all do well in the long run.

The P/E ratio is best applicable to companies that have consistent earnings. But if you applied it to growth companies with inconsistent earnings, you would have missed out on amazing stocks like Amazon.

Amazon&rsquo s historical P/E ratio is off the charts. The company has traded near to a P/E of 4,000 before and has an average P/E ratio of 267.7. There&rsquo s no way I&rsquo m paying $267.70 for every dollar of earnings, right?


The reason for Amazon&rsquo s stratospheric P/E is because the company&rsquo s net profit is depressed due to Amazon continually reinvesting its profits for future growth. Before 2016, Amazon only made an annual net profit of more than US$1 billion once.

But Amazon&rsquo s cash flow tells a different story &ndash its operating cash flow grew at a compounded annual growth rate of 31.8% from US$1.4 billion in 2007 to US$38.5 billion in 2019.
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SGPhantom
Master
04-Dec-2020 16:51     
 
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 Alert Admin 		Honestly, I personally think that it has too high a P/E at this price.
But since it is fintech, market is looking far more ahead.
And for that, I am very happy : )

Piston88      ( Date: 04-Dec-2020 16:44) Posted:

The stock should worth more then 3.90

Flyingtask      ( Date: 04-Dec-2020 16:42) Posted:

Not to forget these 2 growth coming even if digital banking license not received.

1. Securities Dealing
- iFAST Malaysia obtained approval-in-principle to carry out the regulated activity of dealing in securities from the Securities Commission Malaysia in August 2020. The Group expects iFAST Malaysia to launch its stock dealing services as a Participating Organisation of Bursa Malaysia Securities Berhad by early 2021 in Malaysia.

2. Fund Management
- iFAST Investment Management China Ltd (?iFAST PFM?) received approval from the Asset Management Association of China for its registration as a Private Fund Manager in September 2020. The Group expects iFAST PFM business to be launched by early 2021 in China.

Potential is huge for next year. For digital banking license partner, the partners are strong players from China
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Flyingtask
Supreme
04-Dec-2020 16:50     
 
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 Alert Admin 		If u refer to the CEO interview years ago, he has already started the footprint in China. They are no novice.

SGPhantom      ( Date: 04-Dec-2020 16:47) Posted:

Yes, correct.
But just to add, both have not made money yet, and they are looking for China to start making money only in 3-5 years time.
The China market is huge, but with MANY players too.
Xi is setting up new regulations for Chinese fintech, so may benefit iFast in the long run.

This is a keeper, just don' t bother to look at it too often, as it does go to hibernation mode often.

Flyingtask      ( Date: 04-Dec-2020 16:42) Posted:

Not to forget these 2 growth coming even if digital banking license not received.

1. Securities Dealing
- iFAST Malaysia obtained approval-in-principle to carry out the regulated activity of dealing in securities from the Securities Commission Malaysia in August 2020. The Group expects iFAST Malaysia to launch its stock dealing services as a Participating Organisation of Bursa Malaysia Securities Berhad by early 2021 in Malaysia.

2. Fund Management
- iFAST Investment Management China Ltd (?iFAST PFM?) received approval from the Asset Management Association of China for its registration as a Private Fund Manager in September 2020. The Group expects iFAST PFM business to be launched by early 2021 in China.

Potential is huge for next year. For digital banking license partner, the partners are strong players from China
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SGPhantom
Master
04-Dec-2020 16:47     
 
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 Alert Admin 		Yes, correct.
But just to add, both have not made money yet, and they are looking for China to start making money only in 3-5 years time.
The China market is huge, but with MANY players too.
Xi is setting up new regulations for Chinese fintech, so may benefit iFast in the long run.

This is a keeper, just don' t bother to look at it too often, as it does go to hibernation mode often.

Flyingtask      ( Date: 04-Dec-2020 16:42) Posted:

Not to forget these 2 growth coming even if digital banking license not received.

1. Securities Dealing
- iFAST Malaysia obtained approval-in-principle to carry out the regulated activity of dealing in securities from the Securities Commission Malaysia in August 2020. The Group expects iFAST Malaysia to launch its stock dealing services as a Participating Organisation of Bursa Malaysia Securities Berhad by early 2021 in Malaysia.

2. Fund Management
- iFAST Investment Management China Ltd (?iFAST PFM?) received approval from the Asset Management Association of China for its registration as a Private Fund Manager in September 2020. The Group expects iFAST PFM business to be launched by early 2021 in China.

Potential is huge for next year. For digital banking license partner, the partners are strong players from China

SGPhantom      ( Date: 04-Dec-2020 16:38) Posted:

Just be careful.
It has gone up A LOT since I first bought at $1+.
If it doesnt get BOTH licenses, there will be knee jerk reaction and sell down.
However, it is still fundamentally sound, with AUA easily over $12B by next result announcement, and continue growing.
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Piston88
Supreme
04-Dec-2020 16:44     
 
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 Alert Admin 		The stock should worth more then 3.90

Flyingtask      ( Date: 04-Dec-2020 16:42) Posted:

Not to forget these 2 growth coming even if digital banking license not received.

1. Securities Dealing
- iFAST Malaysia obtained approval-in-principle to carry out the regulated activity of dealing in securities from the Securities Commission Malaysia in August 2020. The Group expects iFAST Malaysia to launch its stock dealing services as a Participating Organisation of Bursa Malaysia Securities Berhad by early 2021 in Malaysia.

2. Fund Management
- iFAST Investment Management China Ltd (?iFAST PFM?) received approval from the Asset Management Association of China for its registration as a Private Fund Manager in September 2020. The Group expects iFAST PFM business to be launched by early 2021 in China.

Potential is huge for next year. For digital banking license partner, the partners are strong players from China

SGPhantom      ( Date: 04-Dec-2020 16:38) Posted:

Just be careful.
It has gone up A LOT since I first bought at $1+.
If it doesnt get BOTH licenses, there will be knee jerk reaction and sell down.
However, it is still fundamentally sound, with AUA easily over $12B by next result announcement, and continue growing.
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Contratrader
Elite
04-Dec-2020 16:43     
 
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 Alert Admin 		Anyway still got a whole list of strong finalists, nothing is for sure until the cards are open..I also like this super stock..
been trading all the while..but just want to safe...if cannot get ..today up so much ..the gap down should be at least 20c
..will congrats to all longists if it really get the digital license...

Flyingtask      ( Date: 04-Dec-2020 16:34) Posted:

SingTel?

Different categories.

SingTel for full banking license

Ifast for wholesales licenses. Ifast partner with with two Chinese partners namely ? Yillion Group and Hande Group.

Yillion Group operates a digital bank in China and Hande Group is a fintech firm founded by the former Chairman of WeBank ? a digital bank backed by the Tencent Group.


Contratrader      ( Date: 04-Dec-2020 16:20) Posted:

Bro..many strong contenders..like singtel...just worry might not get ...anyway will try to get out later...up so much already hua
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Flyingtask
Supreme
04-Dec-2020 16:42     
 
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 Alert Admin 		Not to forget these 2 growth coming even if digital banking license not received.

1. Securities Dealing
- iFAST Malaysia obtained approval-in-principle to carry out the regulated activity of dealing in securities from the Securities Commission Malaysia in August 2020. The Group expects iFAST Malaysia to launch its stock dealing services as a Participating Organisation of Bursa Malaysia Securities Berhad by early 2021 in Malaysia.

2. Fund Management
- iFAST Investment Management China Ltd (?iFAST PFM?) received approval from the Asset Management Association of China for its registration as a Private Fund Manager in September 2020. The Group expects iFAST PFM business to be launched by early 2021 in China.

Potential is huge for next year. For digital banking license partner, the partners are strong players from China

SGPhantom      ( Date: 04-Dec-2020 16:38) Posted:

Just be careful.
It has gone up A LOT since I first bought at $1+.
If it doesnt get BOTH licenses, there will be knee jerk reaction and sell down.
However, it is still fundamentally sound, with AUA easily over $12B by next result announcement, and continue growing.
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SGPhantom
Master
04-Dec-2020 16:38     
 
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 Alert Admin 		Just be careful.
It has gone up A LOT since I first bought at $1+.
If it doesnt get BOTH licenses, there will be knee jerk reaction and sell down.
However, it is still fundamentally sound, with AUA easily over $12B by next result announcement, and continue growing.
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Piston88
Supreme
04-Dec-2020 16:36     
 
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 Alert Admin 		👍 👌 thanks brio

Flyingtask      ( Date: 04-Dec-2020 16:34) Posted:

SingTel?

Different categories.

SingTel for full banking license

Ifast for wholesales licenses. Ifast partner with with two Chinese partners namely ? Yillion Group and Hande Group.

Yillion Group operates a digital bank in China and Hande Group is a fintech firm founded by the former Chairman of WeBank ? a digital bank backed by the Tencent Group.


Contratrader      ( Date: 04-Dec-2020 16:20) Posted:

Bro..many strong contenders..like singtel...just worry might not get ...anyway will try to get out later...up so much already hua
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